The Karst Stage Bus Yard on North Wallace Just Hit the Market

Summary: A 1.72-acre commercial property at 511 N Wallace Avenue has been listed for $8.2M, adding another notable redevelopment opportunity to Bozeman’s fast-changing Northeast neighborhood. The property is currently used as a Karst Stage facility.

What is listed at 511 N Wallace in Bozeman?

A large commercial property at 511 N Wallace Avenue is now on the market in Northeast Bozeman. The property is listed for $8,200,000 and includes 1.72 acres with approximately 17,975 square feet of existing building space. 

It is currently being used as a Karst Stage facility, with bus barns, maintenance buildings, and supporting infrastructure. The site is located near the intersection of North Wallace Avenue and East Peach Street, kitty corner to Wild Crumb and Fink’s.

One important detail: redevelopment may not happen immediately. Karst Stage may remain there for a year or two under its current lease. 

According to the MLS listing, the property is zoned NEHMU, which stands for Northeast Historic Mixed Use. In plain terms, that zoning is meant to allow a mix of uses while still recognizing the older industrial and historic character of Northeast Bozeman. 

For 511 N Wallace, the listing lists possible uses including industrial, medical, office, residential/development, restaurant, and retail. No specific redevelopment plan has been announced publicly, but the size, zoning, location, and existing infrastructure make this one of the more notable listings in the area.

What developments are happening near 511 N Wallace?

The 511 N Wallace listing sits near several projects that are already changing the look and feel of Northeast Bozeman.

• Wallace Works, located at 801 N Wallace Avenue, is under construction and expected to bring a mix of row homes, rental apartments, co-living spaces, live/work units, and commercial space to the neighborhood.
• Bozeman Yards has also broken ground nearby, across from the old Northern Pacific Depot. That project is planned as a 5-story mixed-use luxury condo development spanning two city blocks, with three residential buildings and 39 residential units ranging from one to four bedrooms.

What makes 511 N Wallace different from other commercial properties in Bozeman?

The most notable thing about 511 N Wallace is the scale. In an area where many redevelopment projects involve smaller parcels, older buildings, or tight infill sites, 1.72 acres in this area is significant. The property also has existing commercial buildings, city water, city sewer, natural gas, and NEHMU zoning, which gives the site a wider range of possible future uses.

That does not mean anything is guaranteed. A future project would still need to go through the appropriate planning, design, engineering, and city review processes. Depending on what is proposed, topics like traffic, parking, building scale, affordability, neighborhood character, and public infrastructure could all come into play.

This property is listed by Joe Cobb, Cobb Realty Group. Photos courtesy of the Big Sky Country MLS. 

👉🏻 Click here to see all commercial properties for sale in Bozeman.

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